Exchange Traded Concepts LLC Acquires 137 Shares of Motorola Solutions, Inc. (NYSE:MSI)

Exchange Traded Concepts LLC boosted its holdings in shares of Motorola Solutions, Inc. (NYSE:MSI) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,538 shares of the communications equipment provider’s stock after purchasing an additional 137 shares during the period. Exchange Traded Concepts LLC’s holdings in Motorola Solutions were worth $2,940,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MSI. MFA Wealth Advisors LLC bought a new stake in Motorola Solutions in the second quarter valued at $25,000. Beacon Capital Management LLC increased its position in shares of Motorola Solutions by 71.8% during the 2nd quarter. Beacon Capital Management LLC now owns 67 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 28 shares in the last quarter. LRI Investments LLC lifted its holdings in Motorola Solutions by 871.4% during the 2nd quarter. LRI Investments LLC now owns 68 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Crewe Advisors LLC acquired a new position in Motorola Solutions in the first quarter valued at about $28,000. Finally, Rise Advisors LLC bought a new stake in Motorola Solutions during the first quarter worth about $29,000. 84.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Motorola Solutions

In other news, COO John P. Molloy sold 23,985 shares of Motorola Solutions stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $407.50, for a total transaction of $9,773,887.50. Following the transaction, the chief operating officer now directly owns 46,821 shares of the company’s stock, valued at $19,079,557.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Motorola Solutions Trading Up 1.1 %

MSI opened at $472.99 on Tuesday. The firm has a 50 day simple moving average of $437.53 and a 200 day simple moving average of $393.83. Motorola Solutions, Inc. has a fifty-two week low of $271.73 and a fifty-two week high of $475.97. The company has a market cap of $78.89 billion, a price-to-earnings ratio of 58.47, a price-to-earnings-growth ratio of 4.07 and a beta of 0.97. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.03.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.23. Motorola Solutions had a return on equity of 337.36% and a net margin of 14.04%. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the business posted $2.41 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 12.22 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, September 13th. Motorola Solutions’s dividend payout ratio is currently 48.45%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MSI. JPMorgan Chase & Co. boosted their target price on Motorola Solutions from $436.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Motorola Solutions from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Barclays increased their price objective on shares of Motorola Solutions from $372.00 to $467.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America boosted their target price on shares of Motorola Solutions from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Evercore ISI increased their price target on shares of Motorola Solutions from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $466.17.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.